Senior Accountant

Job Title – Senior Accountant

Location: Riyadh, Saudi Arabia

About the Role

We are seeking an experienced and detail-oriented Senior Accountant to oversee financial accounting, reporting, budgeting, and compliance activities. The role is responsible for ensuring accurate financial records, managing month-end and year-end closing processes, supporting business planning, and maintaining compliance with accounting standards and regulatory requirements. Experience within the food & beverage, restaurant, retail, or hospitality sector is highly preferred.

Key Responsibilities

Financial Accounting & General Ledger

• Oversee day-to-day accounting operations, ensuring accurate recording of financial transactions.
• Maintain and reconcile general ledger accounts and prepare journal entries.
• Manage month-end and year-end closing activities in accordance with accounting standards.
• Review accounting records and ensure the accuracy of financial data.

Financial Reporting & Analysis

• Prepare monthly, quarterly, and annual financial statements and management reports.
• Analyze financial performance, profitability, revenue, and operating expenses.
• Conduct variance analysis against budgets and forecasts.
• Provide financial insights and recommendations to support management decision-making.

Accounts Payable, Receivable & Cash Management

• Oversee accounts payable and receivable processes to ensure timely payments and collections.
• Monitor cash flow, working capital, and banking transactions.
• Perform bank reconciliations and maintain accurate cash records.
• Ensure proper reconciliation of supplier, customer, and intercompany accounts.

Budgeting & Cost Control

• Assist in preparing annual budgets, financial forecasts, and business plans.
• Monitor departmental expenses against approved budgets.
• Support cost control initiatives by identifying opportunities for operational efficiencies.
• Conduct financial analysis to improve profitability and resource utilization.

Taxation & Regulatory Compliance

• Ensure compliance with Saudi tax regulations, including VAT and Zakat requirements where applicable.
• Prepare and review tax filings and statutory reports.
• Coordinate with internal and external auditors during audit engagements.
• Maintain compliance with accounting policies, internal controls, and regulatory standards.

Internal Controls & Process Improvement

• Strengthen financial controls and accounting procedures.
• Recommend and implement process improvements to enhance operational efficiency.
• Ensure accurate documentation and secure maintenance of financial records.
• Support ERP implementation and finance system enhancements when required.

Team Collaboration & Leadership

• Provide guidance and support to junior accountants and finance team members.
• Collaborate with operations, procurement, HR, and management on financial matters.
• Assist the Finance Manager in achieving departmental objectives.
• Promote a culture of accountability, accuracy, and continuous improvement.

Qualifications & Experience

• Bachelor's Degree in Accounting, Finance, Commerce, or a related field.
• Professional qualification such as SOCPA, ACCA, CPA, CA, CMA, or equivalent is highly preferred.
• 6–10 years of experience in accounting or finance, including experience in a senior accounting role.
• Experience within the restaurant, food & beverage, retail, hospitality, or consumer goods industry is highly preferred.
• Strong knowledge of IFRS, VAT regulations, financial reporting, and internal controls.

Key Skills & Competencies

• Financial accounting and reporting
• General ledger management
• Budgeting and financial planning
• Accounts payable and receivable
• Cash flow and working capital management
• VAT, Zakat, and statutory compliance
• Financial analysis and cost control
• ERP systems and advanced Microsoft Excel
• Leadership and team collaboration
• Strong analytical, organizational, and problem-solving skills

What We Offer

• Competitive salary and comprehensive benefits package
• Opportunity to work with a leading organization in the food and hospitality sector
• Professional and collaborative work environment
• Career growth and leadership development opportunities
• Exposure to multi-unit financial operations and strategic business planning

Apply now!